Final answer:
The slope of the function y = 7x - 3 is 7, and the y-intercept is the point (0, -3), so the correct answer is Option B.
Step-by-step explanation:
The function given is y = 7x - 3, which is in the slope-intercept form y = mx + b, where m represents the slope of the line, and b represents the y-intercept. Comparing the given function to the form, we can identify the slope as 7 because it is the coefficient of x, and the y-intercept as -3, which would be the point on the graph where the line crosses the y-axis (0, -3).
The correct answer then is Option B: The slope is 7, and The y-intercept is (0, -3).